Transcontinental Realty Investors, Inc. (TCI) is pleased to announce its newest development project, The Abode Red Rock Apartments in Las Vegas, Nevada. The property is located within Las Vegas’s hottest residential submarket, called the “Southwest.”

The $59 Million project begins construction this month and is scheduled for completion July 2018.

Abode Red Rock Apartments is a 308 unit, Class A, Mid-Rise residential superstructure composed of 1 and 2 bedroom apartment units, indoor common areas, an internal parking structure, and amenity-rich, tastefully-landscaped courtyards and swimming pools. The property is prominently situated at the northwest corner of the intersection of S. Fort Apache Road and W. Hacienda Avenue, directly across from the sub-market’s leading power center, Tropicana Beltway Center.

The building’s stylish design provides multi-color roof tiles, a façade of warm Mediterranean colors, real and simulated stone, exterior gas lanterns, towers, columns, balconies, landscape, private courtyards and pedestrian zones with cobblestone sidewalks.

“We are continuously improving the experience in multifamily living. Our innovative Class A apartment homes reflect a modern, warm, and relaxed lifestyle. We call it Achieving Excellence. Our residents call it their Abode,” commented President and CEO, Daniel J. Moos.

Abode Properties and Transcontinental Realty Investors, Inc. (TCI) are pleased to announce HUD approval of the TPA Transfer for Grand Fountain Apartments in Richmond, Texas.

The approval allows the much anticipated purchase of this Class-A asset. Grand Fountain Apartments is a new resort style apartment community located off Grand Parkway and the Westpark Tollway in the exclusive Cinco Ranch area of Houston. The property features one, two, and three bedroom luxury apartment homes that boast high-end amenities. Each unit was meticulously designed to highlight luxury craftsmanship from wood flooring, granite countertops, stainless steel appliances and beautiful cabinetry to the spacious living areas with unbeatable views. Located minutes from Houston’s Energy Corridor and City Centre, this community is near shopping, golf courses, dining, entertainment, and is located within the highly acclaimed Katy Independent School District. Grand Fountain Apartments is a solid example of the high end assets in Abode and TCI’s portfolios.